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The debt is amortized by equal payments made at the end of each payment interval. Compute (a) the size of the periodic payments; (b) the

The debt is amortized by equal payments made at the end of each payment interval. Compute (a) the size of the periodic payments; (b) the outstanding principal at the time indicated; (c) the interest paid by the payment following the time indicated for finding the outstanding principal; and (d) the principal repaid by the same payment as in part c.

Debt Principal Repayment Period Payment Interval Interest Rate Conversion Period Outstanding Principal After:
$17,000.00

7

years

3 months 4% Semi-annually 5th payment

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